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“It would be a shame to build these facilities and then all of a sudden you have to scale back on the most important part of it, which is people,” a Ford vice president told reporters.

Stellantis is reorganizing its top management ranks as new CEO Antonio Filosa begins his push to turn around the struggling automaker.

Daimler Truck and Volvo Group laid out the game plan for their truck operating system joint venture — named Coretura — on June 17.

Transportation Secretary Sean Duffy and acting administrator for the Federal Aviation Administration Chris Rocheleau announced a “new road map” for getting air taxis into the sky.

Applied Intuition expects to use the funds to develop its next phase of vehicle intelligence products and expand the company’s product roster and team.

Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.

Electric aircraft maker Archer Aviation expects its defense-related sales to outstrip commercial air taxis in the short term.

Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.

Ford continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.

After fresh negotiations in London, tariff rates remain essentially unchanged. Rare earth shipments from China are set to return to pre-April 2 conditions.